Oil & gas

Africa’s largest Bank backs Dangote refinery IPO

Africa’s largest financial institution, Standard Bank Group, has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum...

Why Nigeria, UAE’s non-oil trade hit $5bn in 2025

Non-oil trade between Nigeria and the United Arab Emirates (UAE) increased to $5 billion in 2025. A statement signed...

Dangote Refinery IPO Set for September as Demand Hits $2bn

Aliko Dangote has confirmed that the Dangote Refinery Initial Public Offering (IPO) will launch in September after attracting...

Dangote Refinery files suit against FG, NNPCL, Oil marketers

Dangote Petroleum Refinery has moved to halt the continued importation of petrol into the country through a...

Why Oil prices surge as Trump rejects Iran peace terms

US President Donald Trump branded Iran’s terms for ending the Middle East war “totally unacceptable”, raising the possibility...
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Why Goldman Sachs worry over Wagner’s threat to oil prices

Goldman Sachs, a leading global investment bank, has expressed concerns about the potential impact of the rise of the mercenary group, Wagner, on the global oil market.

Energy transition in Africa: Lessons from South Africa, Senegal

By NJ Ayuk (Executive Chairman, African Energy Chamber) Just Energy Transition Partnerships (JETP) have been introduced in recent years to provide financial support to developing...

NNPCL’s failure to remit $15bn oil revenues untrue — Spokesman

The Nigerian National Petroleum Company Limited (NNPCL) has denied reports that it failed to remit $15 billion in oil revenues into the Federation Account.

Gas Retailers Say Shutting Down Plant Threatens Price

The Liquified Petroleum Gas Retailers (LPGAR) says shutting down of the Nigeria Liquefied and Natural Gas (NLNG) processing plant may lead to increase in cooking gas price.

Why NNPC, Independent Marketers deny plan to increase petrol prices

The Nigerian National Petroleum Company Limited (NNPC) as well as the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday refuted reports of a planned petrol increase to N1,200.

Oil & Gas transition should not aggravate economic reality – Report

A new report on the "Implications of Oil & Gas Transition on the Nigerian Economy" has called for a careful transition away from oil...
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